Redwood Trust Reports Third Quarter 2019 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/20/2026
- Wall St slips on rising bond yields; Walmart results weigh
- Walmart shares fall despite earnings beat
- Alibaba stock dips as Q2 profit misses estimates despite strong AI cloud growth
- Wolfe remains "broadly bullish on AI semis stocks", names Top Pick
- Moderna stock pulls back after massive one-day rally: analysts weigh in
- Marvell issues Google warrant tied to custom chip deal
- FOMC minutes from July 28-29th meeting
- US stock futures steady after tech slump; investors focus on Middle East tensions
- Lowe's Cos. (LOW) Tops Q2 EPS by 17c, Misses on Revenue; Offers Fy27 Guidance
- Deutsche Bank calls Treasury buyback doubling similar to ’operation twist’
Redwood Trust (RWT) Misses Q3 EPS by 3c
October 30, 2019 5:15 PM EDTRedwood Trust (NYSE: RWT) reported Q3 EPS of $0.37, $0.03 worse than the analyst estimate of $0.40.
Key Financial Results
GAAP net income was $34 million, or $0.31 per diluted common shareNon-GAAP core earnings(1) were $43 million, or $0.37 per diluted common shareBook value per common share was $15.92 at September 30, 2019Economic return on book value(2) of 1.3% for the third quarter of 2019Recourse debt-to-equity leverage ratio(3) of 2.7x at September 30, 2019Paid a regular quarterly cash dividend of $0.30 per common shareBusiness Highlights
Closed three Sequoia securitizations totaling $1.1 billion,... More